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Bullish-signal

NAS100 Tech Index Bullish OutlookThe NAS100, an index consisting of the 100 largest tech companies on the NASDAQ exchange, bounced off the 0.618 fibonacci retracement line, also known as the Golden Ratio. It seems that the recent tech slump has ended, in the short term. Although it's true that a corona vaccine is bullish for other stocks, it doesn't mean we will stop using tech companies anytime soon. Consider resistance 1 and resistance 2 as good short term areas to exit your long position. If we make new high's in the coming week, my guess would be that a new bullish trend will start till the end of the year.
OANDA:NAS100USDLong
by FieryTrading
EUR/USD Broke Bull-Flag: New Highs Coming?EUR/USD broke through the bull-flag that it's been following since July, signalling new bullish movement ahead. For now, my target is placed at $1.21, the 2017 high. It's the first big resistance that we will face in the coming month. The next target would be the 2018 high, around 1.26, but its too early to call that a possibility. Let's first wait out the coming month how the US election are going to unfold. Overall, I'm very bullish on EUR/USD since it managed to break through a descending trend line that it's been following since 2008.
Long
by FieryTrading
Litecoin: The Sleeping Giant Has AwokenSince the start of November there's a noticeable amount of bullish sentiment surrounding Litecoin. Instead of moving back to the lower trend line of the wedge, it made an unexpected bullish move. This bullish move broke the 4-year wedge, without any signs of stopping soon. On the chart there are four major areas of interest: * Support 1 - $40: If the price goes below $40, chances are that Litecoin will retrace towards the lower trend-line of the wedge. * Resistance 1 - $85: The 2020 high serves as a first target. With sufficient volume and investor's confidence $85 should be a reachable target this year. Beware of a possible (short-term) reversal. * Resistance 2 - $145: The 2019 high occurred during the early altcoin boom. High confidence and a major influx of USDT coins into the market propelled Litecoin's price to $145. This area could be reached within a few months if Crypto rotates back into investor portfolios. * Resistance 3 - $365: The all-time-high of Litecoin is naturally the biggest resistance to date. A major boom in crypto-world has to occur if the price wants to reach this target. We're talking about a 500% increase from the current price. This target could only be reached after a major surge of Bitcoin's price. Bitcoin generally rises first (with btc dominance rising), with the large caps following. Expect major selling pressure here, with a likely reversal or crash.
Long
by FieryTrading
1
GOLD SHORT TERM CLIMB: WEDGE + GOLDEN CROSSToday Gold has seen a massive influx of buyers, slingshotting it through the August wedge and preparing for a golden cross of the MA50 and MA200. The last four times this has happened on the 4H chart it signalled the start of a massive bull market, with price increases varying from +10% to +20% within months The first major target should be the $2000 area, since it's a nice round number. Prepare for a minor pull-back around there. If $2000 breaks, be ready for the price to contest the all-time-high!
OANDA:XAUUSDLong
by FieryTrading
IS BITCOIN GOING PARABOLIC?In my earlier analysis I argued that Bitcoin had a massive resistance ahead, namely the June 2019 high and the upper band of the upward channel. It seems that the election frenzy has boosted investor's convidence to push Bitcoin towards 15k. The resistance was broken by such massive bullish force that it could signal a new parabolic move this year and push toward the all-time-high of 20k. If the enormous buying pressure keeps persisting throughout 2020, we could see a new all-time-high soon.
Long
by FieryTrading
EUR/GBP BULLISH MOVEMENT AHEAD: WEDGE ANALYSISEUR/GBP is preparing to bounce of the lower trend line of the multi-month wedge it has been following since March this year. Before entering this trade, please wait till the bounce has been confirmed. Your risk-reward ratio may be lower than entering the trade straight away, but winning a small trade is better than not winning at all. Keep an eye out of the red marked area, since it functions as a major resistance. In case of a major Brexit related news, expect the wedge to be broken. Example: a no-deal brexit would lead to a break of the wedge on the upper side. Keep macro factors in mind when trading!
Long
by FieryTrading
BTC breaking shock area, bullish is coming or halving effect?www.tradingview.com Bitcoin finally broken the long period consolidation trend, in my analysing strategy yesterday, i thought that breaking may happen at the weekend, now it's a little bit earlier than prediction, but doesn't matter, almost the same. So let's talk about the effectiveness of this breaking, many guys in may group guess that bullish is coming or not ? I can just tell an opinion of my own, i believe that if u guys think that return back to 9K or 10K is a bullish market, i think it may come ture, but if expect to 15K or even 20K, it's not possible this year. In fact, i believe that the breaking yesterday is an expectation for the halving of the market, when most investors in a market have the same expectation to a crucial event( to BTC, is halving), the market emotion will follow, as the halving date is closing and BTC is exactly right located in a relatively low area after the plunge in March, these two factors multiply together and led the breaking. My own opinion is that before halving, BTC is hard to get back to $6500 if the pullback can stabilize on $7450~$7500, this means that the breaking is true, and waiting for stabilizing is aiming to confirm. However, the resistance area between $7700~$7850 still has a very hard resistance as the chart shows that in Sep and Dec of 2019, this resistance used to be the lower and upper edge of the two consolidation areas, there exists so many counters, therefore, if the halving event can make price break this area, plus the character that market trend is hard to change in short term, it's possible to push the price to 9k or even 10k, but there is no sence to predict this. Investors should remind that after halving , profitable funds may leave the market indeed, and this will lead some small pullback trend during the big scale of bullish trend, so short term traders and future traders should strictly control the position. 🚀BTC Short-term Trading signal: Pre-condition: price keep support by $7400~$7450 within today. long: open around 7450~7550 close 1: 7650 close 2: 7700 close 3: 7850 stop loss: 7400 Become member of OKEx and enjoy more services : www.okex.com
Long
by Zeus1110